Radius Clause. The company is offering an all-in package for $80. Non-disabled people are able to buy all their tickets online. I went into my ticketmaster account and the gross deposit in a given month doesn't match the 1099-K, so I can't figure out what tickets to match each month. Sales of the remaining tickets - for the two extra concerts in Melbourne and Sydney - will go live on Friday 30 June - and once again, they will start at 10am for Sydney shows and 2pm for . Disability Acceptance, Advocacy and Activism. As of right now, Live Nation tickets can only be purchased for concerts taking place in smaller Live Nation-owned venues, as the bigger amphitheatres are still locked into ticketing deals with Ticketmaster or other vendors. Privacy Policy. Has anyone figured out how to calculate the cost basis for each month? The easiest way to improve your digital privacy is to switch your IP address using a VPN. Privacy Policy. Ticketmaster Entertainment, Inc. is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world. Why Concert Tickets Are So Expensive and Who All Those Fees Benefit All-in pricing options are also coming to SeatGeek and to xBk, an event venue based in Des Moines, Iowa. In a leaked memo obtained by Rolling Stone, Live Nation revealed an array of changes to its contractual agreements with performers for 2021.These changes include reduced pay rates for artists as . The artist will also be supported by Baroness, Motionless In White, Spiritbox, Animals As Leaders, Suicide Silence and Fit For An Autopsy. We may receive a commission from Amazon, Zulily or another online retailer, if you make a purchase after clicking on one of these links, at no additional cost to you. Still, Ticketmaster's gross transaction value before fees is up 62% from 2019, Live Nation reports. Ticketmaster isnt offering tickets for shows hosted by Live Nation, while Live Nation links to Ticketmaster for shows they cant sell tickets for. After splitting with Ticketmaster and locking down massive 360 deals with Madonna and Jay-Z, Live Nation has finally launched its own ticketing service. Ask questions and learn more about your taxes and finances. News about Nashville, TN, USA. For more information, please see our For more information, please see our At a Senate hearing in January, members of the bandLawrencedescribed making just $6 from a concert ticket that Ticketmaster sold for $42 after adding on a 40% fee. 135. Merchandise: Purchaser will retain 30 % of Artist merchandise sales and send 70% to the artist within two weeks following the Festival. 3. We appreciate you and all artists understanding the need for us to make these changes in order to allow the festival business to continue not only for the artists and the producers, but also for the fans. This is why monopolies need to be broken up. The bold is mine. Insurance: The artist is required to maintain its own cancellation insurance as the promoter is not responsible for the artist fee in the event of a cancellation of the festival due to weather or a force majeure. Good luck and please email me if you find a good workaround we can share. I called TicketMaster to question this and requested a refund of the extra $50 per ticket I paid and was told that all the handicap seats in the 100 level were $100 (regular seats were $50 $70) and they were not able to give me a refund because it was the venue who set the pricing. Service Fees, Order Processing Fees, Taxes, and Shipping Charges 7. "Welcome to our show! 5. 4. How to get an Israeli IP address with a VPN. You should be able to contact the ticker seller for a list of sales made on your behalf. How to Get Accessible Seats for a Concert, Understanding IDEA and Your Parental Rights, Section 504 Plans and 504 Plan Accommodations. South Korea floods kill 40, including 13 trapped in highway tunnel, Man recovering after 2 months lost at sea with dog on damaged boat, President Biden launches initiative targeting "junk fees" for consumers, Ford slashes price of its F-150 Lightning electric pickup truck, AAA pulls back from offering insurance in Florida, following Farmers. If all works out, the stock could fund your next event purchase (including the fees). Attendees will get to purchase tickets for multiple bands that are scheduled to perform this summer. What Disabled People Need to Know about Live Nation and Ticketmaster Additionally, if a venue is restricted in its ability to fill to capacity, the promoter may cancel and expect a full refund of any money paid to the artist. Reddit, Inc. 2023. I am tired of Ticketmaster and Livenation's "Service Fees." - Reddit Also featured among the performances are comedians Chris Rock and John Mulaney. My question is how do I report this specifically for state taxes? However, it will be up to venues to choose how their prices are displayed, a Live Nation spokesperson said. The full list of performances is available on Live Nation's official website. However, a quick search on social media reveals that it is still happening. The NFL also had another strong year, with nearly every team seeing its attendance increase over 2021 levels. Also among the event organizers, however, was the conglomerate Live Nation, the world's largest live-events company and one that has already been linked to hundreds of deaths and injuries in the past 15 years. The computer bots will see this and will inflate the price. Trending Sounds like there might be something to this, based on a story that was shared in an activism group that I am in. The principle changes for 2021 are outlined below. When you can't get away from using it, it opens up monopoly accusations (which aren't illegal). Read the full memo from Live Nation obtained by Rolling Stone below: The global pandemic has changed the world in recent months and with it the dynamics of the music industry. Reddit and its partners use cookies and similar technologies to provide you with a better experience. "That . "Unfortunately this issue is not just limited to a few sectors it's shot through the economy," Bell said. Based on your description of what happened, you should post it under: Now complete the description and sale & purchase information. When the first thing that comes to your mind is "This company is making a lot of money off me," the first thing you should do instead of getting frustrated with your hard-earned cash being spent is think about investing in the company. The band will hit the road on August 19 and will wrap up on October 10. "Mainly people will be able to more accurately forecast spending.". Some concerts on which the offer can be applied are listed below: Among the many performers are The Killers, who recently released their single titled, boy. We will be more than happy to get you up and running! Right now, were dealing with an issue that affects most areas of our lives. Listing and selling tickets with Ticketmaster is easy, there are two simple ways to do it. The comedian has three dates slated for Vancouver, BC at Queen Elizabeth Theatre. How do I sell tickets? - Live Nation Help Streaming requirements: All artists will be required to allow their performance to be filmed by the festival for use in a live television broadcast, a live webcast, on-demand streaming, and/or live satellite radio broadcast. Mulaney has added over 30 new dates to the tour. Hi All, I received a 1099-K from Live Nation Entertainment for "Payment Card and Third Party Transactions", which was a result of my resale of my season tickets to the Boston Celtics. But do all these fees add up to a ridiculously profitable business? hide caption. The American Rescue Plan Act of 2021 lowered IRS reporting thresholds for all e-commerce platforms including Ticketmaster effective January 1, 2023. Keithen Drury has no position in any of the stocks mentioned. For each set of tickets that was sold in calendar year 2019, I am completing a row in Form 8949 Part I (Short-Term): Column A: Celtics tickets sold on Live Nation Column B: 8/13/2018 for 2018-19 season tickets. Pricing and Availability 5. Rolling Stone is a part of Penske Media Corporation. Disabled seating or accessible seating is usually pretty limited at popular events. And that is, Ticketmaster and Live Nation have a huge monopoly on big events and concerts. "TO BE VERY CLEAR: THE ARTIST HAS NO WAY TO LIMIT THEM. Live Nation streams live concerts through Yahoo. Become a Motley Fool member. Payment Methods 3. Who You Are Buying From 4. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Ahead of a White House event Thursday to tout the government's effort to crack down on "junk" fees, the company said it plans to roll out "all-in" pricing for venues it owns that will allow ticket buyers to see all fees for an event at the start of a commercial transaction. It is still harder to get tickets and an accessible seat to a concert if you use Ticketmaster or Live Nation. Been a redditor for a while but using a throwaway account for this one. Click the Sell Tickets button or the Sell button on the app. The resale of your season tickets is not among income items that can be excluded, so youll not only need to report this information on your state taxes, but your federal income tax return, as well. - Communityfor instructions. Find your order in the My Tickets section and click See Details or in My Events on the app. This is when I received an email from my MEE about ticket management. Though, Im not sure how hopeful I am. There are many industries, including airlines, retailers and banking, that can and should do better.". Simply turn on Hotspot Shield free ads-supported app on your device and youll automatically be assigned a US virtual location. All rights reserved. Live Nation will now expect artists to repay the promoter two times their feeessentially, a hefty finean alteration which Billboard states is unheard of in the music industry. Changes have also been made to cancellations due to force majeure, which Live Nation notes includes a pandemic similar to Covid-19, now stating that the venue will not pay the artist their fee and that the burden of obtaining cancellation insurance falls on the artist. Other defendants in the suits include Drake, who was also performing at the event, and the festival's venue, NRG Park. Inability to Use Full Capacity of the Venue: If the promoter either because of orders of the venue or any governmental entity is not permitted to use the full capacity of the venue, then the promoter may terminate the agreement, and artist will refund any money previously paid. Why Anti-Trafficking Experts Are Torching 'Sound of Freedom' Hot Chicken, Disc Golf, Music, Traffic, Scan this QR code to download the app now. If I cannot access those parks with my son, I have a dozen others to choose from all within 2 hours of me. We are in unprecedented times and must adequately account for the shift in market demand, the exponential rise of certain costs and the overall increase of uncertainty that materially affects our mission. You have to buy lottery tickets, and if you use a lottery app to get digitally delivered lottery tickets, you'll also pay a small fee. "The elimination of surprise junk fees shouldn't be limited to entertainment and hospitality companies. Houston Public Media reported Monday that at least 12 lawsuits have been filed against Travis Scott as well as Live Nation thus far. Anytime you have a major roll-out, you hold your breath and hope there are no major glitches, Live Nation CEO of global music Jason Garner told Billboard of the launch. This policy was initially instated to prevent scalpers and secondhand sellers from getting all the tickets. These changes come as the live music industry works up to a crawl in terms of reopening as new coronavirus cases continue to grow across the country. I was told to call the venue (Citizens Bank Park) which I did. Here is the link to the original post, and I am sharing it as she has asked. Name a better couple. If you've ever bought a ticket to a concert or a sporting event, you know the pain of paying those pesky ticket fees. Why Live Nation Stock Gained 14% Last Month, Why Live Nation Entertainment's Stock Is Rocking and Rolling Today, Why Live Nation Entertainment Stock Popped Today, Why Live Nation Stock Is Dropping Hard This Week, Cumulative Growth of a $10,000 Investment in Stock Advisor, The Bad News About Social Security's 2024 Cost-of-Living Adjustment (COLA), The Unfortunate Truth About Maxing Out Your 401(k), Sell AT&T and Verizon: Follow Warren Buffett's Approach With T-Mobile Instead, 3 Steps to Claiming the $4,555 Max Monthly Social Security Benefit, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. The package will consist of four tickets, with access to various artists and bands playing across the US this summer. All income is taxable on your federal return unless specifically excluded by federal law. 20 PreppyAndrew 1 yr. ago Zanies and nickeling and diming their customers. Live Nation Ticket Fees Are Sky-High. Here's What That Means for the In 2019, the DOJ accused Live Nation Entertainment of retaliating against and threatening venues to ensure they used Ticketmaster in violation of the consent decree, a charge the company. You can enjoy clips of past highlights through Live Nation as well. This obviously puts an undue burden on disabled people, many of whom do not even drive and have to rely on others to do an errand like this. Full refunds are being offered for all those who purchased tickets. These changes include reduced pay rates for artists as well as new guidelines for financial responsibility regarding canceled events. In 2010, it merged with Live Nation under the name Live Nation Entertainment.. Ticketmaster's commitment to be more open about its pricing practices could be a boon for consumers the platform controls about 80% of ticket sales in the U.S., and parent company Live Nation operate some of the country's most popular and profitable venues. Is Ticketmaster a Monopoly? - Investopedia What is a presale? - Ticketmaster Help ", In a statement Live Nation published on social media Monday afternoon, the company added: "Load out of the site and equipment is currently paused to give investigators the time they requested to walk and document the grounds. Click on over and check out some of the most popular performances from the last year. Please logout and login again. 4. Via an email I was asked to contact TicketMaster for an update about my inquiry. For such events, tickets have been posted for sale by third-party sellers or other fans. The story I shared below took place several years ago. If a show is cancelled due to poor ticket sales, the artist will receive 25% of the guarantee. Peace, love, and rock & roll. This is absolutely ridiculous and we are being taken advantage of heavily. "We hear from people on fixed incomes who say, 'These fees are eating up more and more of my Social Security check.' When they are no longer relevant, I deleted them. So if you don't like the fees, what can you do about it? Live Nation has launched a new offer as part of its 'Summers Live' promotion. If you arent seeing any live music youre interested in, dont forget to explore Yahoos other live channels, also accessible with a Hotspot Shield VPN connection from any country in the world, ensuring that hot entertainment is never hard to find. Ticketmaster - Wikipedia Reddit, Inc. 2023. Choose to list one or all your tickets for the price you paid. And, there is no monopoly on amusement parks, which helps. Thissite contains product affiliate links. 5. The recent dumpster fire with Taylor Swift tickets is a good example. Even she was not able to force change for her non-disabled and disabled concertgoers, shes one of the most popular performers on the planet. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Public sentiment and demand can do a bit of good. If you love the thrill of listening to music live, but youre not located in a major city, you might find it difficult to catch your favorite bands. to receive guidance from our tax experts and community. Music fans who are looking for new entertainment to explore can log on and experience concerts in real-time from the comfort of home. From 7 a.m. Wednesday, July 19, through 11:59 p.m. Tuesday, Aug. 1, get four . How much does Live Nation in the United States pay? After paying for facility costs, the band made $12 per ticket about half of which went to cover the costs of touring. *For some events Ticketmaster is not the primary ticket seller. - Community. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Please see the TurboTax Help article How do I enter a 1099-K in TurboTax Online? for guidance on entering your 1099-K information. After interest on debt, other expenses, and taxes are paid, Live Nation produced about $296 million in net income throughout 2022. We went live over the [holiday] break and I didnt hear one complaint from anybody about the system. Garner also says having control of its own ticketing will allow the company to be flexible with prices. The Motley Fool has positions in and recommends Apple and Microsoft. Sponsorship: The promoter controls all sponsorship at the festival without any restrictions, and artists may not promote brands onstage or in its productions. When a company is growing its profits much faster than revenue, it's a sign that a company is quickly rounding the corner and optimizing itself for profits. Ticketmaster charging $55.80 service charge on a $75 ticket - Reddit Come n get it. The 1099-K from Live Nation has the totalgross amount by month. Hotspot Shield app encrypts your browsing activity. Live Nation Entertainment is composed of Live Nation, an events promoter and venue operator, and Ticketmaster, a ticket sales giant. Facility charges may vary from event to event and can be raised or lowered over time. If my tickets sold on Ticketmaster in late December, but I didnt receive payment for them till January, do I report it on the earlier years return? The Cure frontman Robert Smith lashed out at Ticketmaster in March, saying he was "sickened" by fan reports of fees for his concerts exceeding the ticket's face value. Choose to list one or all your tickets for the price you paid. What Is Event Ticket Insurance and Is It Worth It? - CNBC Something seems off with this. While ithas excellent security benefits, it also has the added perk of masking your location so everyone from Google, to Netflix will be unable to determine where youre really connecting from. The Lotto.com app charges a 50- to 70-cent convenience fee . Find your order in the My Tickets section and click See Details or in My Events on the app. Our entire team is mourning alongside the community.". Alex Bierens de Haan/Getty Images 2023 U.S. Tax Law Updates You Need to Know - Ticketmaster In the summer of 2014, Live Nation announced the launch of a 365-day concert daily series with live music streaming daily. There's also a delivery fee that helps fund the process of sending out the tickets via email and mail. as they reach into their wallets and pay. and our News provided by The Associated Press. The Motley Fool recommends Live Nation Entertainment and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. Disabled people, in some instances, will have to drive to the venue to purchase the tickets. Ticketmaster's commitment to be more open about its pricing practices could be a boon for consumers the platform controls about 80% of ticket sales in the U.S., and parent company Live Nation . If you missed out on these live performances, all hope is not lost. If you received a 1099-k from ticketmaster (live nation - Reddit Feb 9, 2023. Add-on ticket fees, which sometimes exceed a ticket's face value, have become a target of political and popular outrage in recent years. Read on (paragraph breaks are mine to make it easier to read): FYI to anyone who orders accessible tickets through TicketMaster or attends events promoted by Live Nation. And we did not make these changes without serious consideration.. Class act on their part! I called TicketMaster back and this time I was told that it was the promoter (Live Nation) who sets the pricing and they would contact them to see if a refund could be issued. Average Live Nation hourly pay ranges from approximately $10.95 per hour for Operations Associate to $25.83 per hour for Partnership Manager. (In the aftermath of the Astroworld tragedy, Live Nation's stock price slid more than 4% during trading Monday, as of publication time.). If you missed out on these live performances, all hope is not lost. Violation of a radius clause without the festivals prior authorization in writing will, at the festivals sole discretion, result in either a reduction of the artist fee or the removal of the artist from the event, with any pre-event deposits returned to the festival immediately. How and when do I get paid for tickets I sell? - Live Nation Help In order for us to move forward, we must make certain changes to our agreements with the artists. If this is the case, we cannot guarantee that accessible tickets will be posted for resale, and if you require accessible seating, we suggest you contact the primary ticket seller and/or the venue box office to check on the availability of tickets that accommodate your needs. 3. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Watch Eminem Join Ed Sheeran to Perform 'Lose Yourself' at Detroit Concert Based on my state rules, I'm not required to report the income on my Federal taxes as I didn't meet the gross amount minimum. Invest better with The Motley Fool. Yahoos Live Nation is a streaming music channel that offers live music from popular bands in a diverse range of genres. Why does StubHub have tickets before Ticketmaster or Live Nation? Once you choose your desired event, select the "Summer's Live 4 Pack" ticket type and it'll instantly add a four-pack of tickets to your cart. Sara Bareilles, iHeartRadio Fiesta Latina, Yonder Mountain String Band, Parkway Drive are few of the artists scheduled for November. New comments cannot be posted and votes cannot be cast. Plus, it doesn't make a considerable amount of net income per employee, especially when you compare it to some of the tech giants. If you want to benefit from these high fees, you can invest in the company.